News stories featuring Alibaba:
March 16th, 2015
Alibaba founder and executive chairman Jack Ma has demonstrated a prototype biometric verification service that could enable a payment to be authorized by simply capturing an image of a mobile phone user’s face.
February 16th, 2015
“Apple Pay has hit bumps in China despite Apple’s efforts to make friends with Alibaba and UnionPay,” Caixin reports. Talks between Apple and the national payments network, which were due to lead to an agreement in March, “have stalled”, the report adds, while Apple still has regulatory hurdles to overcome as “it’s unclear whether the product meets the government’s requirements for a commercial operation”.
January 20th, 2015
Chinese ecommerce giant Alibaba has invested an undisclosed sum in Israeli start-up Visualead, developer of the “visual” QR code technology adopted by Chinese social media site RenRen in May last year. The companies have also…
January 15th, 2015
Alibaba is in advanced talks to buy an approximately US$500 million stake in One97 Communications, the parent company of Indian mobile payment platform Paytm. “Both Alibaba Group Holding’s e-commerce arm and its online payments unit Alipay are set to participate in the transaction, which will conclude later this month,” the Financial Times reports. When NFC World+ contacted Alibaba for information the e-commerce giant said it has “no comment to offer on this matter”.
October 28th, 2014
Apple Pay saw more than one million card activations within 72 hours of launch and is already the leading NFC payments player in the US, Apple CEO Tim Cook has revealed during the Wall Street Journal’s WSJDLive event. Cook also outlined future growth plans for the service, including a potential partnership with Chinese ecommerce giant Alibaba.
October 22nd, 2014
Alibaba-owned online payments giant Alipay’s Alipay Wallet app now has 190 million active users in China who use the solution to shop online via their smartphones, pay bills and pay for public transport. The company handles over 80m transactions daily, of which 45m are mobile transactions, and Alipay has partnered with more than 200 financial institutions.
June 20th, 2014
Alibaba-owned online payments giant Alipay has launched an NFC ticketing service, ECNS reports. The new All Pass service lets NFC phone owners in China use one prepaid account to pay for transit rides in multiple cities, ECNS says, and can currently be used with three Oppo phone models to make payments in 35 cities. Further NFC phones and 25 more cities are to be added by the end of this year.
June 12th, 2014
Chinese ecommerce giant Alibaba has unveiled Mashang Tao, a new platform that lets brands and merchants create QR codes that can be used to make purchases in stores, online and from printed advertisements, as well as…
February 19th, 2014
Hong Kong prepaid card provider Octopus has partnered with Chinese online giant Alibaba’s Taobao ecommerce platform and Alipay mobile payments service to let customers make secure online purchases using a combination of contactless cards, QR codes and NFC phones.
February 11th, 2013
The January/February issue of the monthly trends bulletin from the NFC World team’s business intelligence service examines the impact on the mobile wallet market of the new Facebook Card, the arrival of NFC in the home and the latest mobile wallet business developments from around the world.
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